Tan Sri Chua Ma Yu's son, Chua Sai Men, has emerged as a substantial shareholder of Cypark Resources Bhd, an environmental engineering and renewable energy outfit.
A filing with Bursa Malaysia yesterday showed that Sai Men, 27, had on the same day acquired 9.21m shares in Cypark in the open market, equivalent to a 5.1% equity interest in the company that has 180.6m issued shares.
Come on lar the construction will go to First Solar, an american counter. Cypark does not have any edge in Renewable Energy. The management had denied 1MDB will offer anything for them. I own cypark as well but can't you guys stop spreading some non-sense?
Imenwe r u sure ? So that better u sell ur cypark. Hahaha i m collecting n collecting. Just like big investor n fund manager. 1MDB job or something like JV will boom cypark.
Imenwe...if u simply google first solar..it is not hard to notice that first solar is the bloody panel manufacturer and NOT a developer like Cypark~~well it is likely they JV with someone to supply the solar panels rather than they develop themselves...
anyway..no doubt First Solar is damn big~~and their sales figures are in the billions....u cannot compare Cypark with FS
Published: Thursday April 3, 2014 MYT 12:00:00 AM Updated: Thursday April 3, 2014 MYT 7:14:32 AM Additional 65MW of renewable energy production under FiT up for grabs
PETALING JAYA: Come May 2, a quota of an additional 65MW of renewable energy (RE) will be up for grabs for parties wanting to produce this under the feed-in-tariff (FiT) programme for 2014. The quota for 2015 is being increased to 109MW.
This is according to a statement by Energy, Green Technology And Water Minister Datuk Seri Dr Maximus Ongkili, who said the quota release for 2014 marked an important milestone in the implementation of the FiT mechanism as Sabah and Labuan would be participating in the mechanism for the first time.
He reiterated that the RE sources that fall under the FiT include biogas, biomass, biomass (solid waste), small hydro and solar photovoltaics (PV).
Of the 65MW total RE quota of 2014, more than half of the allocation is for solar PV. Biogas and biomass would be allocated 10MW and 15MW respectively for 2014.
Sustainable Energy Development Authority (Seda) has also announced that the RE quota for 2016 will be 190MW while for 2017 it will be 196MW. Maximus added that projects under the FiT had generated 2% of the country’s total generating capacity.
This is based on 537.97MW of RE capacity approved under the FiT since 2010, compared with the country’s total electricity generating capacity of 27,179MW in the same period.
“Our target is for RE to constitute 5% of the energy mix in 2015,” said Maximus.
ahlek888, I looked at the annual reports, quarterly results, also cypark's pioneering approach in converting landfills to solar farms...but i digress, if ur talking about technicals, which i am no expert in, then look at the accumulation/distribution with the downtrend in price, which could signal a bullish reversal. again im no expert, and im sure someone smarter then me can point out if it makes sense or not. ..its all JMHO
Now many company expertise in solar or renewable energy already. Like amcorp already build up a 10mw solar farm. Many company are able to build a large scale solar farm, not only cypark can do it.
Sephirohn....any Tom Dick & Harry can build BIG solar plant if they have money and suitable land...the problem is..if u buy land for solar plant it may not be profitable at all~~Cypark's strength is to claim back the landfill they have closed and build plant on top~~so basically their plant has no land cost upfront~~
Cypark Resources (CYP MK) Technical BUY with +20.0% potential return Last price : RM2.79 Target Price : RM3.05, RM3.35 Support : RM2.68 Stop-loss: RM2.64 BUY with a target price of RM3.35 with stop loss placed at below RM2.64. CYP’s share price consolidated downward in the “flag” pattern since peaking at the high of RM3.05 on 23 Apr 14 before rebounding within the 50.0% Fibonacci retracement level. Yesterday's breakout above the "flag" pattern signals the end of the current consolidation while a higher trading volume suggests renewed interest in the share price. A bullish crossover in both MACD and Stochastic suggests an improving momentum which should drive the share price higher. We peg our medium-term upside target at the 1.38x Fibonacci extension target of RM3.35 if CYP is able to surpass the immediate resistance of RM3.05.
Conventionally cypark 2rd Q report will better than other Q report. There was no surprising. Than follow 3 and 4 Q report will lower than 2 Q report. Just refer on past few year report. Hope they can maintain the profit for all Q report.
Cypark Resources Bhd - Private placement announced Cypark's private placement is expected to raise around RM50-54m, which will be used mainly for working capital purposes. This will provide some relief to its balance sheet in supporting its current ongoing projects, namely the Ladang Tanah Merah (LTM) landfill, for which the concession is expected to start in the next two months. Due to the EPS dilution resulting from the placement, we believe that Cypark's share price could face some weakness in the near term, which we think is a good opportunity to accumulate the stock. We maintain our Add call on the stock, with an unchanged SOP-based target price of RM3.09. We believe the announcement of turnkey renewable energy (RE) projects could catalyse the stock.
I've seen a disturbing trend with this stock over the past few months. Down days pretty much always have much higher volume than up days. This is not good! How low will it go? Is this because the Employee Provident Fund Board has been selling off and is no longer a major shareholder?
johnny cash asked if the share placement was good or bad. I'd say it's good long-term, but obviously bad short-term. I've owned this stock for a year and a half, and I'm getting a little aggravated. Other companies that are close to the govt. have shot up, and these guys just muddle along. Plus, why is EPF selling down? And when will Cypark get their MW quota raised?
Another problem is the price of the private placement shares is only 2.36. Usually, share prices trend down to that level after a while. I could see this stock in the 2.30's within the next month or two. Plus, what about the bursa? It looks worn out and tired. It just can't break 1,900, which is pretty sad considering that the S&P has been over 2,000 all week. Sorry for being negative, but the short-term just doesn't look good...
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firestar23
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Posted by firestar23 > 2014-04-24 14:32 | Report Abuse
Tan Sri Chua Ma Yu's son, Chua Sai Men, has emerged as a substantial shareholder of Cypark Resources Bhd, an environmental engineering and renewable energy outfit.
A filing with Bursa Malaysia yesterday showed that Sai Men, 27, had on the same day acquired 9.21m shares in Cypark in the open market, equivalent to a 5.1% equity interest in the company that has 180.6m issued shares.